Core producer prices rise 0.3 percent in April

WASHINGTON (Reuters) - U.S. core producer prices rose 0.3 percent in April for the second consecutive month, while the increase from a year ago was the largest since August 2009, the Labor Department said on Thursday.

Economists surveyed by Reuters had expected a rise of 0.2 percent in the core producer price index, which excludes volatile food and energy components from prices paid at the farm and factory gate.

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In the 12 months to April, the core producer price index rose 2.1 percent, the biggest increase since August 2009.